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IFAs looking to expand pensions and divorce business

14 February 2008 / by None

Recent workshops hosted by Winterthur have proved that around 94 per cent of Independent Financial Advisors (IFAs) would like to expand their pensions and divorce planning support this year.

Around 148,000 divorces took place in the UK between 2005 and 2006 so the marital home is a high priority value asset with pension benefits closely following, according to Winterthur.

Commenting on the issue, David Thompson, managing director of sales & marketing, at AXA & Winterthur Wealth Management, said: "Pensions and divorce can be a complex subject combining the legality of the divorce procedure with the reality of having to sort out the finances of the parties involved."

He added that the financial planning ought to engage with both the "immediate and long-term need".

Some 92 per cent of attendees stated they were happy with the workshops and reported that they felt they left with an improved understanding of the processes involved.

Elsewhere, Winterthur has recently announced that it is to offer international investment opportunities.